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Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
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Name : |
MATSUYA
INDUSTRIES LTD |
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Registered Office : |
1-26-7 |
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Country : |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
May
2005 |
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Com. Reg. No.: |
(Aichi-Anjo)
016034 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing
of flat knitting machines, components |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Newly-elected Prime Minister Shinzo ABE has declared the economy his government's top priority; he has pledged to reconsider his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus and regulatory reform and has said he will press the Bank of Japan to loosen monetary policy. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2012 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. The new government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which exceeds 200% of GDP. Persistent deflation, reliance on exports to drive growth, and an aging and shrinking population are other major long-term challenges for the economy
|
Source : CIA |
MATSUYA INDUSTRIES LTD
REGD NAME: Matsuya
Kogyo KK
MAIN OFFICE: 1-26-7
Tel:
0566-71-5188 Fax: 0566-72-7820
URL: http://www.matsuya.com.cn
E-Mail
address: (thru the URL)
Mfg of
flat knitting machines, components
Nil
At the
caption address, (subcontracted)
TOSHINORI
HATTA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES R/WEAK A/SALES Yen 100 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 48 M
STARTED 2005 EMPLOYES 5
MFR OF FLAT KNITTING MACHINES.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
The subject
company was established by Toshinori Hatta jointly with a Chinese partner in
order to make most of their experiences in the subject line of business. This is a specialized mfr of flat knitting
machines & components. Mfg is mostly
subcontracted in Asian countries.
Clients include major spinning industries.
Financial
are only partially disclosed. Profits
are not disclosed and estimated only.
The sales volume for Dec/2012
fiscal term amounted to Yen 100 million, a 5% up from Yen 95 million in the
previous term. The net profit is
estimated posted at Yen 7 million, compared with Yen 6 million a year ago.
For the
current term ending Dec 2013 the net profit is projected at Yen 8 million, on a
5% rise in turnover, to Yen 105 million.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. .
Date Registered: May
2005
Regd No.: (Aichi-Anjo) 016034
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Toshinori Hatta (100)
Nothing
detrimental is known as to his commercial morality.
Activities: Manufactures flat knitting machines
& components (--100%).
Clients: Spinning industries, other
No. of
accounts: Limited
Domestic
areas of activities: Centered in greater-Nagoya
Suppliers: [Mfrs] Imports from subcontracted mfrs
in Asian countries: Thailand, Malaysia, Vietnam, other.
Payment record: Regular
Location:
Business area in Anjo City, Nagoya.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References:
MUFG
(Anjo)
Relations:
Money deposits & transfers only
(In Million Yen)
|
Terms Ending: |
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Annual
Sales |
|
105 |
100 |
95 |
90 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
8 |
7 |
6 |
5 |
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Total
Assets |
|
|
N/A |
N/A |
N/A |
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Net
Worth |
|
|
48 |
41 |
35 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.00 |
5.26 |
5.56 |
12.50 |
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|
Current Ratio |
|
|
.. |
.. |
.. |
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N.Worth Ratio |
|
.. |
.. |
.. |
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|
N.Profit/Sales |
7.62 |
7.00 |
6.32 |
5.56 |
|
Notes:
Financials are only partially disclosed.
Profits are not disclosed and only estimated.
Forecast
(or estimated) figures for the 31/12/2013 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.